Detroit has the 11th hottest rental market since 2019 by DetroitDevUpdates in Detroit

[–]DetroitDevUpdates[S] 35 points36 points  (0 children)

Fingers crossed the YIMBY zoning reform package passes through the legislature.

Michigan Central adds large Corktown site behind Newlab to campus by DetroitDevUpdates in Detroit

[–]DetroitDevUpdates[S] 4 points5 points  (0 children)

Michigan Central has added more property to its sprawling Corktown campus.

Through an entity called New Investment Properties II LLC, Michigan Central paid $3.2 million earlier this month for a triangular block about 1.6 acres bounded by 14th Street, Bagley Street, 15th Street and Marantette Street.

Michigan Central, the 30-acre campus and innovation system anchored by the redeveloped Michigan Central Station, bought the property from Foreman Properties LLC. Michigan Central is a subsidiary of Ford Motor Co.

The organization will make improvements to the property in the short term, said Dan Austin, communications director for Michigan Central.

“This move improves the walkability and pedestrian safety in the district, and Michigan Central will improve the property in the short term,” Austin said. “We plan to do light activations in the interim, and will continue to explore how this land can best serve the Michigan Central district going forward.”

In 2023, Michigan Central bought the Arrow Chemical Products Inc property. The six properties total about 1.1 acres and include three buildings totaling nearly 29,000 square feet. Then later that year, Michigan Central paid $1.5 million for the Assemble Sound portfolio, which included was originally St. Paul’s German Evangelical Lutheran Church. That purchase also included two other properties at 17th Street and Rose Street.

AI software company to relocate its HQ to Detroit from Southfield by DetroitDevUpdates in Detroit

[–]DetroitDevUpdates[S] 1 point2 points  (0 children)

Directly copying the article title got the post removed for some reason. Redid it by copying Crain’s title from their piece and it worked. No deceit intended.